Analysts Set Taboola.com Ltd. (NASDAQ:TBLA) Price Target at $4.50

Key Points

• Taboola.com Ltd. has received a consensus recommendation of "Moderate Buy" from analysts, with two hold ratings and four buy ratings among the six firms covering the stock.
• The average price target set by brokerages for Taboola.com over the next year stands at $4.50, although some analysts have adjusted their targets recently, with Benchmark lowering it to $4.00 and B. Riley raising it to $4.50.
• Institutional ownership of Taboola.com is notable, with institutions holding 42.89% of the company's stock, reflecting a range of investment interests from various firms.

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.50.

A number of research analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Wall Street Zen cut shares of Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday. B. Riley increased their price target on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Benchmark reduced their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Taboola.com Price Performance

Shares of TBLA stock traded down $0.05 during trading on Thursday, hitting $3.32. The company had a trading volume of 1,565,134 shares, compared to its average volume of 1,319,776. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is $3.46 and its two-hundred day moving average is $3.29. The stock has a market capitalization of $878.80 million, a price-to-earnings ratio of 83.00 and a beta of 1.27. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.30.

Insider Buying and Selling

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is owned by insiders.

Institutional Trading of Taboola.com

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of Taboola.com by 42.9% during the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock valued at $122,000 after purchasing an additional 5,829 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in shares of Taboola.com during the fourth quarter valued at approximately $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Taboola.com by 37.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock valued at $1,362,000 after purchasing an additional 101,677 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Taboola.com by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 288,168 shares of the company's stock valued at $1,052,000 after purchasing an additional 48,188 shares during the period. Hedge funds and other institutional investors own 42.89% of the company's stock.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.